He's also said that as soon as they get the ML they are ready to go.
That was a VERY material statement to make, suggesting to everyone that everything was in place to commence mining and production immediately. Is that still the situation?
WE don't know, but, "believe" that it is far from the truth re Georgetown and Reinhardt. And if they have done a deal with that "third party" that they started to mention, wouldn't you think that that was MATERIAL to the SP and should have been disclosed?
EITHER way they are in breach of the disclosure rules just as a starter.
But, I can see a classic pyrrhic victory looming with your all or nothing plan, beat SB and you can bet that he will walk and take all of the company with him. That $350K is a hugely strategic debt and in the vernacular that they understand at the pub, it's what he knows by which he has got all shareholders by the balls.
Who's still buying @ .003 anyway?? Dumb, blind, or knows something that we don't???
LNY Price at posting:
0.3¢ Sentiment: None Disclosure: Held
